El­len­brook tops list as lo­cal sales num­bers lift

IN the four weeks to July 2 there were 64 lo­cal prop­erty sales across houses, units and land, which is an in­crease of 19 per cent over the four-week pe­riod. Com­pared to the same time last year, sales are lower by 31 per cent. Over­all Perth mar­ket sales have in­creased to 2171, a rise of 14 per cent over the four-week pe­riod but re­mains 9 per cent lower than the same time last year. El­len­brook tops the list for the high­est num­ber of sales at 13.

Prop­er­ties avail­able for sale in the lo­cal area have in­creased by 5 per cent over the past four weeks but is 8 per cent lower than the same time last year. To­tal list­ings in the Perth metro re­gion have de­creased by 3 per cent over the four-week pe­riod but is 1 per cent higher than the same time last year. The av­er­age time to sell in the lo­cal area has de­creased by six days to 77 for the three months to June.

The av­er­age time to sell in the Perth metro re­gion has de­creased by two days to 69.

REIWA mem­bers re­ported 102 to­tal prop­er­ties (houses and units) leased for the four-week pe­riod, which is sim­i­lar to lev­els seen four weeks ago and is 5 per cent lower than the same time last year. List­ings in the Ad­vo­cate area have fallen by 2 per cent in the four-week pe­riod and are 28 per cent lower than the same time last year. The over­all mar­ket has seen list­ings rise 1 per cent over the four-week pe­riod but are 23 per cent lower than the same time last year.

The over­all me­dian weekly rent for the lo­cal area for the three months to June 2018 is $330/week, which is un­changed from the three months to June 2017. Sim­i­larly, the over­all me­dian rent for Perth has seen no change in the three months to June 2018.